Hedge fund manager Eric Jackson believes an ‘everything rally’ can take hold in the stock market. Jackson compared the current economic environment to the 1982 bull market, when rates dropped and the economy grew. Interest rate cuts, economic growth, and yield curve changes favor risk assets, according to Jackson. Thanks for signing up! Access your…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: China just announced its biggest economic stimulus since the pandemic, which is reverberating in stocks and commodities worldwide. After the details of the monetary stimulus and support for the stock market were announced…
Sudarshan Pharma Industries share price jumped 5% on Wednesday after the company announced a stock split proposal. The multibagger small-cap stock, Sudarshan Pharma shares spiked as much as 5% to hit a record high of ₹424.35 apiece on the BSE. The meeting of the Board of Directors of the company is scheduled to be held…
We recently compiled a list of the Jim Cramer’s 10 Stock Picks That Could Change Your Investment Game. In this article, we are going to take a look at where Palantir Technologies Inc. (NYSE:PLTR) stands against the other stocks that could change your investment game according to Jim Cramer. Tech Stocks Shine When Rates Are High…
The People’s Bank of China (PBOC) plans to set up a swap facility that would give non-bank financial institutions access to at least 500 billion yuan (US$71 billion) in funding to buy shares, in a surprise move aimed at stabilising the stock market. However, some analysts called for more drastic action to shore up investor…
A look at the day ahead in European and global markets from Ankur Banerjee Investors have long clamoured for China to unleash broad-based stimulus measures to help turn sentiment around, and while Tuesday’s measures are well short of a ‘big bazooka’ move, it may still be a step in the right direction. Chinese stocks surged…
Shares of former President Donald Trump’s media startup on Monday tumbled more than 10 percent, taking the stock down to its lowest point since the company went public six months ago. The Trump Media & Technology Group stock, which trades under the ticker DJT, closed 10.3 percent lower on Monday, settling at $12.15 a share…
Since its initial public offering in late 2020, Palantir Technologies (NYSE: PLTR) has been one of the most polarizing stocks on Wall Street. Jim Cramer recently referred to it as a “meme stock,” and last year, an online publisher of short reports labeled it an “AI imposter.“ Although its work with the U.S. military and…
Hong Kong’s finance chief has vowed to intensify efforts to promote the city and diversify its sources of funding, as the business environment benefited from the lowered US interest rate and improvements in the local stock market. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong’s speed and the extent of its…
The great and powerful man behind the central bank curtain, Jerome Powell, really can’t do as much as people think to keep their portfolios from shriveling if the wheels are already starting to come off the economy. Stocks’ initial reaction to Wednesday’s cut was exuberant. That often proves to be a head fake, though—we still…